Vestmark Advisory Solutions Inc. Has $13.04 Million Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Interactive Brokers Group by 100.3%, owning 78,728 shares valued at approximately $13 million as of the latest SEC filing.
• Interactive Brokers reported $0.51 EPS for its last quarter, exceeding estimates, and its revenue increased by 14.7% year-over-year, reaching $1.48 billion.
• The company declared a quarterly dividend of $0.08 per share, with an annualized yield of 0.5%, set to be paid on September 12th.

Vestmark Advisory Solutions Inc. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 100.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,728 shares of the financial services provider's stock after purchasing an additional 39,419 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Interactive Brokers Group were worth $13,037,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IBKR. Sterling Capital Management LLC boosted its position in Interactive Brokers Group by 55.0% during the fourth quarter. Sterling Capital Management LLC now owns 6,256 shares of the financial services provider's stock worth $1,105,000 after purchasing an additional 2,221 shares during the period. Rockefeller Capital Management L.P. bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $2,306,000. Sagespring Wealth Partners LLC bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $276,000. Barclays PLC boosted its position in Interactive Brokers Group by 268.8% during the fourth quarter. Barclays PLC now owns 194,575 shares of the financial services provider's stock worth $34,377,000 after purchasing an additional 141,816 shares during the period. Finally, Mariner LLC boosted its position in shares of Interactive Brokers Group by 7.0% in the fourth quarter. Mariner LLC now owns 6,426 shares of the financial services provider's stock valued at $1,135,000 after acquiring an additional 418 shares during the period. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded down $0.95 during trading hours on Tuesday, reaching $62.69. The stock had a trading volume of 1,453,472 shares, compared to its average volume of 7,090,635. The business's fifty day moving average is $59.19 and its two-hundred day moving average is $51.66. The company has a market cap of $106.33 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 2.58 and a beta of 1.22. Interactive Brokers Group, Inc. has a twelve month low of $30.01 and a twelve month high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.76 earnings per share. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is presently 16.49%.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 233,972 shares of company stock valued at $15,746,449 in the last three months. Corporate insiders own 2.97% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Citigroup increased their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.38.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.